AIG Lincoln to invest EUR 34 million in office building

American company AIG Lincoln will develop in partnership with the investment fund Fabian Romania Property, an A class office building in the north of the capital with an investment estimated at some EUR 34 million, said the ... More

Preparations for introduction of single certification in real estate

The Romanian Association of Real Estate Agencies (ARAI) has started, together with the Romanian Standardization Association (ASRO), an action aimed at drawing up a single certification standard in real estate, compatible with the ... More

Foreigners Buy EUR 310 M of Bulgarian Real Estate in Q1

Foreign individuals and companies with foreign shareholders bought real estate worth EUR 310 M in the first three months of the year, Bulgarian National Bank (BNB) data shows. The figure is a 63% increase over the same period ... More

90 percent of foreigners’ property sales illegal

While more foreign citizens are purchasing real estate in tourist cities such as Antalya, Bodrum, Marmaris, Didim and Kuşadası, more foreign-owned real estate agencies are violating the law. Antalya Chamber of Real ... More

Bulgaria mortgage rates edge up to 8.46%

The interest rates on mortgage loans denominated in the local currency posted the biggest gain over the 12-month period ended April 31, adding 1.6 percentage point to 8.46%, shows data of the Bulgarian National Bank. The ... More

Gamla and Harel eye Eastern Europe

Harel Insurance Investments Ltd. and Gamla Millennium Investments Ltd. have set up a joint venture, Gamla Harel East Europe Ltd. to buy and develop land. The company will provide financing for real estate projects. Gamla will own ... More

2007 Realty Forum

The 8th edition of Realty-Romanian Forum on Real Estate Market will start this Wendsday at World Trade Center Bucharest. The event is structured in two sessions: “The opportunities on landowners market in Romania” and ... More

Immorent Bulgaria to invest in office building, hotel in Sofia

Lease financing company Immorent Bulgaria, part of Erste Bank leasing unit Immorent Aktiengesellschaft, will build an office scheme and a hotel in the center of Sofia, said manager Iliana Schmatelka. The company will develop ... More

Mišković to have "Intercontinental" built?

According to unofficial information, the owner of "Delta", Miroslav Mišković, will sign the contract with British hotel chain "Intercontinental" on construction of the hotel of highest category, right next to the ... More

Quantum to invest EUR 36 million in two office buildings

Quantum Com Invest Bucharest plans to develop two office buildings in the capital, which will have 22 respectively 26 levels, with an investment estimated at some EUR 36 million. Each building will be developed on a plot situated ... More

Giant Morgan Stanley takes another step in Romania

Following the acquisition of 6 percent of the stake of real estate developer Imotrust SA Arad, listed on the Rasdaq over-the-counter market, Morgan Stanley - the world’s second largest financial entity by market value, ... More

Euromall invests EUR 140 million in offices in Bucharest and Pitesti

Real estate developer Euromall in France will develop in the next two years, investments of some EUR 140 million to build an A class office building in Pitesti and a residential complex with 1000 apartments in Baneasa area in the ... More

REIT Universal Properties puts up for sale Trakia highway motel

Local real estate investment trust Universal Properties has listed for sale the Ihtiman motel on the Sofia-Burgas motorway after failing to find a company to operate the renovated facility. The sale will also raise funds for ... More

Economic instability leads to expensive land

The price of land will grow from 20% to 40% in the next years, because of economic instability, although there was a 20% increase last year, real estate analysts of DTZ Echinox company consider. “At present, the land market ... More

Tagor and Patron Capital have EUR 182 million for local real estate market

Israeli real estate company Tagor Capital and Patron Capital signed a four years agreement to invest EUR 182 million in residential and commercial properties in Romania. The projects in Romania will be developed through Korbein ... More

Over 150 entrants for first edition of Balkan property exhibition

Over 150 companies from around the world have registered for participation in the inaugural edition of Balkan property exhibition BalPex, said Nedajda Riashi, commercial director of the event. The exhibition, to be held May ... More

Fabian buys EUR 60 million office building

Fabian Romania Property Fund Ltd said it has agreed to buy a class A office building in North Bucharest for some EUR 60 million. The real estate investment trust said it would initially pay EUR 12.25 million for the building with ... More

Immoeast share sale to raise cash for EEurope expansion

Immoeast AG, an Austrian real-estate developer that focuses on eastern Europe, plans to raise about 3 bln euro by selling new shares to fund its expansion in the Balkans, Ukraine and Russia, news agency Bloomberg reported on ... More

Cefin sold A1 Industrial Park to Teesland

British investment fund Teesland iOG will invest some EUR 70 M in logistics projects in Romania in the coming 12 months, after having acquired from Cefin Real Estate the A1 Industrial Park in a EUR 70 M transaction. “We ... More

Polimeni targets EUR 300 million local real estate projects

American real estate developer Polimeni International will enter this year the Romanian market with real estate projects worth EUR 300 million. For this, it will purchase plots in the next months. The company targets residential ... More